I3 Energy Ord Shs T.ITE

Alternate Symbol(s): ITEEF

Energy Oil & Gas E&P

i3 Energy plc is an independent oil and gas company with assets and operations in the United Kingdom and Canada. The Company's principal activities consist of oil and gas production in the Western Canadian Sedimentary Basin (WCSB) and appraisal of oil and gas assets on the United Kingdom Continental Shelf (UKCS). The Company's wholly owned subsidiaries i3 Energy North Sea Limited and i3 Energy Canada Limited are independent oil and gas companies with appraisal assets in the United Kingdom and producing assets in Canada, respectively. It holds the P.2358 license in the UKCS which contains the Serenity field discovery. This licence also contains the Liberator field discovery and the Minos High prospect. The Company holds various mineral licenses across its main operating areas in the WCSB, being Wapiti, Simonette, Clearwater, and Central Alberta. The Company's Canadian production asset base consists of over 850 net conventional oil, natural gas and natural gas liquids production wells.

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I3 Energy Ord Shs > What exactly is the offer

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Comment by mjh9413on Sep 10, 2024 1:36pm

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Post# 36216957

RE:RE:RE:RE:RE:What exactly is the offer

What exactly is the offer? Well, for one it is a stinking low ball of ITE's value and the low-ball gets worth less almost every day. As for another bidder, well 10 to 20% will certainly not meet my value expectations. I think 33% from the original GTE price preceding the bid might be acceptable.
Hey, possibly ITE will favor investors with an update this week or next on what they called 'their final decision". The board and management have nothing to little skin in the game...

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